Mexico's Carlos Slim Helu tops Forbes's World's Billionaires 2010 list, unseating perennial inhabitants Bill Gates and Warren Buffett and becoming the first non-American to top the list since 1997.
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In the decade since the tech-heavy Nasdaq reached its all-time high during the Internet bubble, the index has recouped just half of its losses. Even so, the tech sector is booming once again, and it's a good time to ask: where is tech headed in the next ten years?
Last week, Citigroup CEO Vikram Pandit said the bank owed U.S. taxpayers a "large debt of gratitude." Reports out Wednesday show how he plans to bolster Citi's balance sheet after repaying the government for its financial aid.
With Airbus and Northrop Grumman giving up their bid for an Air Force contract to build refueling tankers, the $40 billion deal is a lock for Boeing. Meanwhile, cost overruns mean the Airbus A380 jumbo jet will lose money for years.
A growing number of exchange-traded funds are popping up to support socially responsible businesses, and experts expect to see a boom in these funds soon. But are ETFs the best way to spur change, while earning solid returns at the same time?
Several have taken it upon themselves to restrict money stores. Most have passed zoning laws that prevent them from expanding into new locations in their city without a special permit. Says Brownsville's mayor: "Our most vulnerable citizens are easy prey for these legal loan sharks, and we want to protect our citizens by regulating them."
Book publishers are keeping tabs on FarmVille, ChatRoulette, Facebook, and video-game companies, turning their sights onto the rapidly changing environment in digital distribution and social networking to keep their industry relevant -- and alive.
The other shoe is about to drop at BusinessWeek. Shortly after taking over the magazine, news giant Bloomberg pruned its staff by a reported 30% and made it known that more downsizing would come sometime before May. Sources say that round will begin Thursday.
Loading... Loading... Loading... Loading...| Symbol | Last | Change / % | Volume |
|---|
| 3.96 | +0.14 +3.66% | 1.21B | |
| 17.11 | +0.31 +1.85% | 222.93M | |
| 114.97 | +0.51 +0.45% | 186.09M | |
| 3.65 | +0.03 +0.83% | 130.96M |
| 15.49 | +3.39 +28.02% | 2,275.00 | |
| 12.78 | +2.43 +23.48% | 452,807.00 | |
| 2.53 | +0.42 +19.91% | 1.17M | |
| 2.50 | +0.39 +18.48% | 1,900.00 |
